The AZEK Company Announces Definitive Agreement To Sell Commercial Segment's Vycom Business To Plaskolite
Portfolio Pulse from Bill Haddad
The AZEK Company Inc. (NYSE:AZEK) has entered into a definitive agreement to sell its Vycom business, a division of its Commercial segment, to Ohio-based Plaskolite, LLC, a global leader in the manufacturing of engineering thermoplastics.
October 11, 2023 | 8:34 pm
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POSITIVE IMPACT
AZEK is selling its Vycom business to Plaskolite, which could potentially streamline its operations and improve profitability.
The sale of the Vycom business could potentially streamline AZEK's operations by allowing it to focus on its core businesses. This could lead to improved efficiency and profitability, which would be positive for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100